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Friday, December 27, 2013

Republicans Are Right: Obamacare Is Redistribution But here's how it really works

Republicans and their allies are making a lot of different arguments about what Obamacare is doing to America. It’s hiking premiums! It’s making people lose their doctors! It’s destroying Medicare! But if you listen closely, you’ll discern a common theme—a message aimed squarely at the middle class: Obamacare is taking away your money or health insurance, and giving it to somebody else. "If you think about it, it's $250 billion a year in Medicaid expansion, in the subsidy structure, that's basically being paid for by people on Medicare, through Medicare cuts, and a lot of tax increases," James Capretta, a former Bush Administration official now at the Ethics & Public Policy Center, said on Fox News Sunday. "It is a massive, massive income redistribution."